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24 Nov 2013, 15:03

mahbahri wrote:

Hi allI have been trying like a headless chicken for funding and i feel I am stuck. Any ideas guys

Did you try Prodigy Finance? Were they out of funds or the rate was too high? They approved my loan last Friday. As an alternative I almost secured a loan with Citibak in Australia while waiting for Prodigy's response but the Citibank's rate was way too high (though much lower than that of other providers on the Australian market) and you need to start repayments from the first month.

Other options in the UK are HSBC and Natwest loans up to 25,000 GBP (if you borrow up to GBP 15,000, the rate is much lower) but you need to start repayments from the first month, so it is not a real alternative to an MBA loan but still an option.

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25 Nov 2013, 02:55

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mahbahri wrote:

Hi allI have been trying like a headless chicken for funding and i feel I am stuck. Any ideas guys

I know your feeling; I have just secured the financing last Thursday (!!), and well, I am from a fairly wealthy country, so a lot of possibilities. It is quite hard. Since you won't have any income, banks are very reluctant to loan money. Maybe you can acquire a bank guarantee, then a BNP Paribas loan in France is really, really good (3%, loan up to tuition).

What I did is trying to secure as much as possible from family and friends, but not too much, since Prodigy Finance takes those loans into account when assessing your credit rating, and then secure the last part with Prodigy. I won't have an enormous amount to spend in Fonty this year, however, I should be able to make ends meet.